Welfare payments are an example of
A) a tax.
B) wages.
C) transfer payments.
D) interest payments.

Question

Quizplus · Accepted Answer

Welfare payments are transfer payments, which are payments made by the government to individuals or families to help them meet their basic needs. Transfer payments typically do not involve any exchange of goods or services, and are not considered wages or salaries. They are funded by taxes and other government revenue sources.

Welfare Payments Are an Example of